Uncertain economic prospects rein in housebuilders’ salaries

By Hamish Champ2019-10-17T05:00:00

Directors’ salaries at housebuilders still above inflation but fail to match previous years’ increases, Building survey finds

Uncertainty around the UK’s economic prospects have contributed to pegging back average wage growth among the country’s senior housebuilding personnel, according to Building’s latest annual housebuilders’ salary survey.

Figures from recruitment firm PSD, which carried out the survey, show that while the 2.7% increase in director-level salaries across the sector in 2019 was a full percentage point above the UK’s current inflation rate, it was down on 2018’s average salary increase of 3.7% and the preceding year’s 4.8%.

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